Pitbull74 IMO and lowtrade has a lot more experience in TA then i do but like i said before shorts go by the DATA and yes they look at fundamentals too but right now nothing has materialized. Strat 2 delays, magic money no revs, VoIP telephone measly 23K. All GTE is going on by is carrier traffic and just relaying with measly 2-4% margins. How in hell do you expect them to become profitable on those margins.
so in all honesty do you consider the 100K sitting at 1.41 and the other 100K sitting at 1.40 to be from smart money or fools money looking to buy?
100K sitting at 1.41 might have been fake MM move to fake and get people to buy. There is no covering as shortsqueez data showed you 17% increase in shorting for September. There also isn't any institutional avr.down per Thompson’s data.
what is a short's logic / mindset to be short right now as opposed to let's say 1 month ago?
Shorts logic has been the same since $4.00. I blame management for current PPS due to R/S. After R/S shorts are shorting this to the ground and based on Bearish triple bottom breakdown cover price objective is $1.00 or $1.02.
do these guys have absolutely no clue as to what they are shorting right now?
What shorts know is that nothing has materialized yet from business plan and they love R/S and short any co. after R/S Until profitability happens and most importantly Strat flies then they won't be scared and will continue to short IMO.
And no you are not retarded..LOL. Like i said I blame management for stating R/S would be beneficial to shareholders. You be the judge of that statement. Thats why GTE is sinking and reason wfor low PPS right now. IMO
And as Jack always says: "You can't handle the truth! Son"
AI
